CENTURY21 Advantage Gold Market Report
Cheltenham, PA
Single-Family Homes
CENTURY 21 Advantage Gold | customercare@c21ag.com | 215-671-4701
Cheltenham, PA
Thu Nov 21 2024
This week the median list price for Cheltenham, PA is $432,000 with the market action index hovering around 55. This is less than last month's market action index of 56. Inventory has decreased to 6.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $432,000 | |
| Median Price of New Listings | $399,000 | |
| Per Square Foot | $193 | |
| Average Days on Market | 55 | |
| Median Days on Market | 21 | |
| Price Decreased | 67% | |
| Price Increased | 0% | |
| Relisted | 17% | |
| Inventory | 6 | |
| Median Rent | ||
| Market Action | 55 | |
| Strong Seller's Market | ||
The market seems to have paused around this plateau. This week prices eased down a bit.Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $894,990 | 4,020 | 0.25 - 0.5 acre | 4 | 4.5 | 3 | 0 | 0 | 14 |
| $474,999 | 2,454 | 0.25 - 0.5 acre | 3 | 2.5 | 82 | 0 | 0 | 238 |
| $432,000 | 2,686 | 0.25 - 0.5 acre | 3 | 2.8 | 64 | 0 | 0 | 31 |
| $356,500 | 1,740 | 0.25 - 0.5 acre | 4 | 1.8 | 69 | 1 | 0 | 7 |